Thu.Jun 09, 2022

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Streamline Your Entire Firm With This Essential 1st Step

Ryan Lazanis

Streamline your processes with this essential 1st step so you can focus on growing your firm and spend less time on the tedious work. Listen below. 0:58 – Technology is a great tool, but it’s not the first step to creating a firm that can scale and run smoothly. 1: 26 – What you offer your clients and how you standardize those offers is the first step to a scalable firm. 1:44 – The more ways in which you offer means you’re multiplying the number of processes required to service

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What's new in May for state sales and use taxes

TaxConnex

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Food for thought. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. Kansas and Tennessee just became the latest states to green light such exemptions.

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The Average Cost of Living by State, and Why Ignoring it Could Sink Your Business

Patriot Software

You hear about it all the time in the news—Cost of living rising! Maybe you think about it on a daily basis—Do I earn enough to cover my standard of living? But, how often have you thought about the relationship between the cost of living and your business? If it’s crossed your mind before, then […] READ MORE.

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How accounting can adopt a ‘work smarter’ mentality through workflow automation

Accounting Today

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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The Audit Profession’s Inability to Retain Talent Poses a Serious Threat to Audit Quality

Going Concern

Just about every e mployer in corporate America is singing the blues about talent shortages caused by the Great Reset and the Great Resignation. However, these effects are not being felt uniformly across all businesses. Those employers with a history of mismanaging their human capital , like the largest audit firms, are being hit the hardest. The public accounting business model has relied excessively on its ability to counter the effects of massive turnover with its ability to hire and train ma

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Innovation and integrity are key to accounting’s future

Accounting Today

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Keys to driving through change: Managing change

Accounting Today

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Can Our DCAP Reimburse a “Hold-the-Spot” Fee?

ThomsonReuters

QUESTION: One of our DCAP participants will soon take a ten-week maternity leave, following the birth of her second child. Her two-year-old child will be at home during this time instead of attending day care, but the provider will charge her half of the regular monthly fee to hold the child’s spot during the leave. Can our DCAP reimburse this fee?

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Jumps at the pump prompt IRS mileage rate increase 

Accounting Today

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Ethical Leadership: The Leadership Style CEOs Need to Practice

GrowthForceBlog

9 min read. Business leaders have several different leadership styles at their disposal that can be applied to the way they manage and run their company and employees.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Global minimum tax advances in EU, faces midterms in U.S.

Accounting Today

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IRS Announces Pre-Examination Retirement Plan Compliance Pilot Program

ThomsonReuters

IRS Employee Plans News (June 3, 2022). Available at [link]. The IRS has announced a pre-examination compliance program for qualified retirement plans, including 401(k) plans. Under this pilot program, which begins this month, sponsors of plans that have been selected for an upcoming IRS examination will be notified by letter. The plan sponsor then will have 90 days to review its plan documents and operations for compliance with Code requirements and respond to the IRS.

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Tax Fraud Blotter: Reality bites

Accounting Today

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IRS Form 941: Lookback Period and Deposit Schedules | Canopy

Canopy Accounting

IRS Form 941, Employer’s Quarterly Federal Tax Return , is used by an employer to report federal income tax withheld from employees (including withholding on sick pay and supplemental unemployment benefits) plus the employer’s and employees’ share of social security and Medicare tax. It must be filed each quarter. The amount of taxes reported during the lookback period determines which schedule an employer must use to deposit their tax liability and how often those deposits are made.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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BPM merges in Elliott CPA Group

Accounting Today

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Is It time For a Financial Controller?

AccountingDepartment

It is time for your business to consider hiring a financial controller? To help you make that decision, this article explains the duties of a financial controller and the benefits of partnering with an outsourced accounting provider.

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How to Build Trust With Clients & Staff Remotely

Accounting Web

Growth How to Build Trust With Clients & Staff Remotely.

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Four steps to starting your own CAS offering

Accounting Today

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Deloitte Will Be the Next Big 4 Firm to Split Audit and Consulting Says WSJ, Deloitte Denies

Going Concern

The rumor mill got fired up a mere 14 days ago when the Wall Street Journal reported EY was considering splitting its audit and advisory arms (pesky regulators and conflicts of interest and whatnot). As interns and accounting students who aren’t even going to Meet the Firms yet blew up social media asking what this might mean for their transfer opportunities everyone else asked: which Big 4 firm will be next?

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More on (Microsoft) Edge, and other tech stories you may have missed

Accounting Today

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. To help you meet the income tax filing season fully armed and prepared, we have compiled a step-by-step guide. Read about what income tax filing method to choose, where to get the latest tax information, how to keep up with deadlines, and more.

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The BPM Solution

Intuitive Accountant

More companies are using business process management to help reduce and eliminate repetitive tasks, and increase efficiency and productivity. Here are 4 ways it can make a difference for you.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Synder Recognized In Capterra Value Report For Accounting Software

Snyder

Synder is proud to announce its mention in Capterra Value Report for Accounting Software that features and compares the top Accounting Software which have received high ratings from users in terms of Value for Money and Functionality and help businesses decide on purchasing the best Accounting software based on their needs. Synder is recognized as an outstanding product with a Value For Money ratings of 4.6 out of 5 and Functionality ratings of 4.7 out of 5.

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Wise Business Integrates with QuickBooks Online

Intuitive Accountant

Internationally renowned ProAdvisor Esther Friedberg Karp shows you the best way to operate internationally and pay—or get paid—in over 50 currencies.

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PwC Will Not Let Economic Chaos Foil Its Aggressive Hiring Plans

Going Concern

That’s per PwC US chair Tim Ryan who told Insider the firm has its all-seeing eye firmly focused on the market. For now though? Let’s get those warm bodies into chairs. Tim Ryan, the US chair of PricewaterhouseCoopers, said the firm’s hiring plans aren’t going through “any major shocks or changes right now” and that the accounting firm is moving ahead with plans to fill thousands of open positions in areas such as auditing and consulting. “Right now we h

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Inventory & ERP Sponsors at Scaling New Heights 2022 (Part 1)

Intuitive Accountant

This is the first in a series looking at the Inventory/ERP Sponsors appearing at this year's 'Scaling New Heights' in Orlando.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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The importance of ongoing trainings and seminars for accounting staff

ThomsonReuters

Investing in people is the oft-repeated solution for the talent shortage experienced by professional services organizations. Even though automation has simplified the compliance process, the accounting business remains very much a relationship-based one. To keep clients coming back, a firm must demonstrate the ability to help its people stay current with industry and regulatory changes.

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E-Money (and PSD) firms – Safeguarding client funds

Menzies

Menzies LLP - A leading chartered accountancy firm. Background. On 25th June 2020 Wirecard (a German payment processor offering electronic payment transaction services) filed for insolvency after it was revealed that €1.9 billion was ‘missing’ The following day in the UK its subsidiary, Wirecard Card Solutions Ltd (WCS), was ordered by the FCA to freeze its regulated activities.

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Agencies Issue Checklist for Surprise Billing IDR Process

ThomsonReuters

Federal Independent Dispute Resolution Process, Checklist of requirements for group health plans and group and individual health insurance issuers (June 3, 2022). Available at [link]. In response to questions and complaints, the IRS, DOL, and HHS have jointly issued a checklist of federal independent dispute resolution (IDR) and related requirements to help plan sponsors and insurers understand their obligations when processing claims for items and services that fall within the scope of the sur

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What are the Benefits of Working With an Outsourced Accounting Company?

Basis 365

Recent studies estimate that nearly 40% of all accounting tasks are outsourced (Dautovic, Fortunly). Do you currently outsource accounting functions? If not, now might be the right time to reevaluate your current procedures to be a part of the 24% of small businesses that outsource to improve efficiency. Cost-effectiveness, scalability, freedom, and ancillary support are all benefits your business can take advantage of by working with an outsourced accounting company.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.